“One thousand percent I believe (we’ve got a shot),” Andretti continued. We’ll be bringing a tremendous amount of support to Formula One. That was the one box we didn’t have checked that we do have checked now. “One of big things was what does Andretti bring to the party? Well, we’re bringing one of the biggest manufacturers in the world with General Motors and Cadillac.

The 60-year-old Andretti remains undeterred and believes the combination of Andretti Global and Cadillac is an offer that Formula One can’t refuse. Any new entrant request requires the agreement of both F1 and the FIA.”

“We all want to ensure the championship remains credible and stable and any new entrant request will be assessed on criteria to meet those objectives by all the relevant stakeholders. “There is great interest in the F1 project at this time with a number of conversations continuing that are not as visible as others,” F1 said in a statement. 1 position among US automakers.Īndretti Global has already earned the support of FIA President Mohammed Bin Sulayem, who last week encouraged Formula One to immediately pursue adding an 11 th team to the F1.įormula One owners who are adamantly opposed to sharing the wealth that is currently divided by 10 teams with two entries each is led by Mercedes-AMG F1 principal Toto Wolff, a billionaire from Austria.įormula One issued a release shortly after news broke of the Andretti Global partnership with Cadillac on Thursday, stating there are other teams under consideration for an 11 th team.Īny decision on an expanded field must be made by both the FIA and Formula One – one entity cannot overrule the other. This year, however, GM passed Toyota for the No.

General Motors President Mark Reuss Getty Imagesįrom a sports business angle, it’s an historic announcement marking General Motors’ first foray into the pinnacle of international motorsports, the Formula One World Championship.įor 77 years General Motors was the largest automotive manufacturer in the world before Toyota took that position in 2008.

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